KYI's back! Here is the reply to the stock queries you sent us on our Facebook page, answered by our expert for the week- Anand Kuchelan, Vice President – Research, Padmakshi Financial Services Ltd.
The market plummeted at high speed over the week, resulting in quite some bloodied nose. The Nifty lost 209 points in just one day (Thursday) and followed it up with another 50 point loss the very next day, which came as quite a surprise to the street. Investors pressed the panic-button and fled as weak global cues saw selling pressure in India even from the FIIs. The Nifty finally dragged the week to a close at 4867 and the Sensex closed at 16162 on Friday.
In fact, negative news flow internally such as delay in urea decontrol cost the fertilizer companies much with their stocks tanking up to 9% while companies such as banks and IT too saw loses on account of high interest rate and slowdown in demand outlook.
Experts on CNBC-TV18 say that the market is likely to grind lower, and probably retest those 4720 lows earlier seen. In such a scenario, which are the safe pockets among equities? Is your portfolio protected well enough?
Moneycontrol.com initiative, Know Your Investment (KYI), provides solutions to your worries. Here is the reply to the stock queries you sent us on our Facebook page, answered by our expert for the week- Anand Kuchelan, Vice President